April 28, 2012
Dear members of the Securities and Exchange Commission:
Corporate speech quite simply gives CEO's more than two voices. They already have their own personal voice like everyone else. But allowing them to direct the power of corporate wealth in secret to their own personal political ends is completely at odds with DEMOCRACY. At a minimum, the public should know how their investments are being spent. Including, especially, political spending, which is not related to profit, and indeed should be illegal because it is not aimed directly at profit. I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site. Timely posting is critical as well. None of that multiple transcribing of faxes to delay posting for months.
Thank you for considering my comment.